Every single week, there are updates in the Cronos Chain ecosystem. Therefore, Altcoin Buzz covers the updates from the first week in June to keep readers informed.
Notably, Cronos Chain is a Cosmos EVM chain for NFTs, DeFi, and Metaverse that aims at scaling the DeFi sector. During the week, Cronos announced the launch of its $100 million accelerator program. Additionally, Router Protocol is integrating with Cronos Chain.
1 – Cronos Launches $100M Accelerator Program
During the week, Cronos Chain announced the launch of the Cronos Accelerator Program worth $100 million. The program will help developers that want to carry out projects in Web3 gaming and advanced DeFi.
Besides, shortlisted candidates will have access to a 10-week cohort-based session with specific trainers from within the ecosystem. There are also plans to have about three to four cohorts yearly, which will consist of about ten start-ups each.
In addition, Cronos Labs will give some projects access to about $100,000 to $300,000 in seed investments. As well as, access to Cronos communities and other marketing opportunities.
We are excited to announce the launch of the Cronos Accelerator Program🚀
⏭ Accelerated growth for early-stage projects building on @cronos_chain
💪Supported by successful leaders & founders
💵$100M-backed war chestApplications for Cohort 1 are open: https://t.co/42x1zQ1Ggm pic.twitter.com/N6riLbbWBa
— Cronos (@cronos_chain) June 7, 2022
2 – Router Protocol Integrates Cronos Chain
Secondly, Router Protocol is integrating Cronos Chain. This development comes after the Router community chose Cronos Chain to be adopted into the Router messaging mesh.
Additionally, the development makes it possible for the Router community to transfer funds from other blockchains in the Router messaging mesh to Cronos and vice-versa.
Besides, it’s important to note that Router Protocol is a cross-chain protocol that enables fund transfers between different chains. As well as, asset swaps between different chains and the creation of cross-chain dApps.
Your wish, our command!
Last month, we conducted a Governance Proposal to ask our community the blockchain networks they want us to integrate in our messaging mesh 🕸
Based on its result, we are proud to announce the integration of @cronos_chain into our messaging mesh 🧵👇
— Router Protocol (@routerprotocol) June 2, 2022
3 – DODO DEX & NFT Is Now on Cronos Chain
Finally, DODO is launching on Cronos Chain as part of its strategy for multi-chain deployment.
Besides, it’s important to note that DODO is a decentralized trading system for Web3. It also leverages the Proactive Market Maker (PMM) algorithm in providing attractive prices and efficient on-chain liquidity for Web3 assets.
⛓️ $DODO is now live on @cronos_chain !
🪜 Another step in our multi-chain deployment strategy! pic.twitter.com/rU4UlyTwNE
— DODO DEX & NFT | We are Hiring! (@BreederDodo) May 30, 2022
$CRO Coin Price Analysis
As of the time of publication, Cronos’s price was $0.175796 with a 24-hour trading volume of $27,544,872. CRO price also increased by 1.8% over the last 24 hours. Besides, it has a circulating supply of 25 billion CRO coins and a total supply of 30.2 billion.
We hope you’ve enjoyed the latest updates.
⬆️For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.
⬆️Find the most undervalued gems, up-to-date research, and NFT signs with Altcoin Buzz Access. Join us for $99 per month now.
